Research and Markets (http://www.researchandmarkets.com/research/txwwh6/global_musical) has announced the addition of the "Global Musical Instruments Market 2012-2016" report to their offering.
The analysts forecast the Global Musical Instruments market to grow at a CAGR of 2.64 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing disposable income of consumers. The Global Musical Instruments market has also been witnessing an increase in online retailing. However, the high cost of musical instruments could pose a challenge to the growth of this market.
The key vendors dominating this space include Fender Musical Instruments Corp., Kawai Musical Instruments Manufacturing Co. Ltd., Roland Corp., and Yamaha Corp.
The other vendors mentioned in this report are D'Addario & Company Inc., Gibson Guitar Corp., QRS Music Technologies Inc., Sennheiser electronic GmbH & Co. KG Shure Inc., and Steinway Musical Instruments Inc.
Commenting on the report, an analyst from the team said: E-commerce is the industry wherein the buying and selling of products and services is over electronic mediums, such as the internet. The method of retail shopping is changing rapidly and consumers are increasingly using the internet to purchase a variety of goods which has led to numerous musical instruments companies providing their wide selection through the online space. Companies find the online shopping approach to be a convenient and cost-saving approach as it allows them to target consumers through the web rather than directly through other means. Some of the popular musical instruments websites include snapdeal.com, gibson.com, music123.com, and zzounds.com. The accessibility of instruments online and the preference to buy products online will increase during the forecast period with the increasing knowledge of the internet. Hence, the rise in online retailing will have a positive impact on the market during the forecast period.
According to the report, one of the key drivers of the market is the rising income of the consumers which is leading to high disposable incomes. Consumers can therefore afford to spend money on musical instruments.
For more information visit http://www.researchandmarkets.com/research/txwwh6/global_musical
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